Okla. Stat. tit. 18, § 18-441-1305
This is the official text of Okla. Stat. tit. 18, § 18-441-1305, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Proceeds and expenses
Official statutory text
PROCEEDS AND EXPENSES.
(a) Except as otherwise provided in subsection (b) of this
section:
(1) Any proceeds or other benefits of a derivative action to
enforce a right of a limited cooperative association, whether by
judgment, compromise, or settlement, belong to the association and
not to the plaintiff; and
(2) If the plaintiff in the derivative action receives any
proceeds, the plaintiff shall immediately remit them to the
association.
(b) If a derivative action to enforce a right of a limited
cooperative association is successful in whole or in part, the court
may award the plaintiff reasonable expenses, including reasonable
attorney fees and costs, from the recovery of the association.
(a) Except as otherwise provided in subsection (b) of this
section:
(1) Any proceeds or other benefits of a derivative action to
enforce a right of a limited cooperative association, whether by
judgment, compromise, or settlement, belong to the association and
not to the plaintiff; and
(2) If the plaintiff in the derivative action receives any
proceeds, the plaintiff shall immediately remit them to the
association.
(b) If a derivative action to enforce a right of a limited
cooperative association is successful in whole or in part, the court
may award the plaintiff reasonable expenses, including reasonable
attorney fees and costs, from the recovery of the association.
Status: in_force · Read it on the official government site
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